The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1887-03-31

ing to original contract. After
this happened the state decided to |
sell the road to the highest bidder
and apply the proceeds to the Ii
quotation of the outstanding rail-
road state bonds. When sold it
brought 10 or Is cts. for each dol
lar cost of road, which paid but lit
tie on the bonds, and the remainder
of these bonds are a portion of our
great state debt now existing, and
from all the circumstances, the
company that failed, or their agents,
were the purchasers of the road.
They then owned the whole road
rele ased of the state lien and it cost
them 10 or Is cts. per dollar, and
after that road become a paying
road. Was not that shrewd? l
should say it was. When 1t got il
to the hands of the stockholders 1T
become prosperous. Is it not
strange that railroads do not pay
much SO long as the counties or
state are interested much in them?
If you want the proof refer you to
Gov. j. G. Brown or any other well
posted man.
Colonel, you state that the Nash
vile d Decatur road is now paying
II per cent. { which l do not doubt J,
but You see something nearly al
ways occurs just at the right time
to prevent the taxed citizens or
county or state from reaping any of
the reward, but vice versa. In
most cases they have been the los
ers and these facts certainly ought
TO cause them to be reluctant
about another railroad taxation.
Colonel, l think if you would &C.
knowledge like 2 man that you are
On the wrong road and change your
position and prove to the moneyed
men along the anticipated route
that if they will take stock that
their money invested will make
them even 10 per cent. instead OF
II, that you will have but little
trouble in getting plenty of men TO
take all the stock in a short time
and many others regretting (like
they do at these booms) that they
got there too late. Colonel, l think
that you have been using one eye
long enough; suppose you open
both and view both sides of the
question at once and quit being SC
much biased. You certainly have
learned before now that extremes
are generally wrong. Now, Colonel
! THE PULASKI CITIZEN is a county
necessity. 1t pays probably from
ten to twenty times the subscrip-
tion to each one that takes it year
. ly. From the duns you make fol
the subscription you certainly lose
some of it and it may cause you MOI
to be able to edit it. AS it is s
county necessity suppose we make
an effort to tax the citizens of the
county to pay you the deficiency
Is it not as plausible as to tax t.
build a railroad?. Competition 81
far has not reduced the price o
f your paper. Competition will re
duce freights some till both roads
/ belong.to one company or until tn
E owners meet and agree upon freigh
} prices. Look at our two telegraph
lines, now both belong to the sam
} company. Colonel, you had bette
a open the other eye or you might b
/ crushed by the train yet, tor on
eyed animals do not always G
i right and if you were to be caugh
] by the train death would probabl
: be the consequence and your fami-
b. ly after long lawsuit might get
e few thousand dollars. | do no
4 know what estimate they woul
s put on q one eyed man. Probsb!
r you can tell. Yours truly,
d. K. HIGDoN.